Verizon Communications Inc., Intel share losses lead Dow's 180-point drop

Shares of Verizon Communications Inc. and Intel are trading lower Friday afternoon, dragging the Dow Jones Industrial Average into negative territory. Shares of Verizon Communications Inc.
VZ,
-6.74%

and Intel
INTC,
-3.47%

are contributing to the index’s intraday decline, as the Dow
DJIA,
-0.43%

was most recently trading 180 points (0.6%) lower. Verizon Communications Inc.’s shares are down $3.46 (7.3%) while those of Intel are down $1.59 (3.9%), combining for an approximately 33-point drag on the Dow. Other components contributing significantly to the decline include Nike
NKE,
-2.24%
,
Salesforce Inc.
CRM,
-1.55%
,
and Microsoft
MSFT,
-1.69%
.
A $1 move in any one of the 30 components of the benchmark equates to a 6.59-point swing.

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